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Buy USD within 109.99-109.76

Buy USD within 109.99-109.76 | 28 March 2019

28 March 2019, USD/JPY

Buy USD within 109.99-109.76Buy USD within 109.99-109.76

Technical observation

Yesterday USD did not rise as predicted but instead declined towards the zone 109.99-109.76, it is still rallying on an increasing bearish bias around the zone and I expect a loss of this movement within it for upwards momentum of USD .If you’re not in a trade right now, wait for a bounce within the zone to buy this pair with your take profit at 112.63 and stop loss at 109.00, in case price is not rejected within 109.99-109.76 but instead breaks below it with a big red candle, wait for a retracement to the just broken zone and a rejection within it before you sell USD with your take profit at 107.35 and stop loss at 110.63.

Trade recommendation

Buy USD within 109.99-109.76 with your take profit at 112.63 and stop loss at 109.00.

Imelda Maseno
Analyst of «FreshForex» company
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